Super Take EA
Info
The Super Take EA is a Expert Advisor for MetaTrader 4 that ea operation logicthe expert advisor operates by opening a buy order with a defined take profit and stop loss. If the buy order is closed by its stop loss, the take profit for the subsequent order will be the previous order's take profit multiplied by a coefficient.
Usage
This tool is typically used for automated trading on major forex pairs and gold.
Platform
This Expert Advisor works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Experts folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Super Take EA
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
What this tool does
EA Operation LogicThe Expert Advisor operates by opening a buy order with a defined take profit and stop loss.
Typical Use Case
This Expert Advisor excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Expert Advisor works on MetaTrader 4. Place the file in the MQL4/Experts folder and restart the terminal.
Description & Settings
Related: Semi-HFT Grid Bot: Two-Sided Martingale Grid with Basket Take Profit - another powerful expert for MetaTrader 4 traders.
EA Operation LogicAlso recommended: automatic take-profit and stop-loss limit tool - similar expert with strong performance on MetaTrader 4.
The Expert Advisor operates by opening a buy order with a defined take profit and stop loss.
If the buy order is closed by its stop loss, the take profit for the subsequent order will be the previous order's take profit multiplied by a coefficient.
When a buy order is closed, either by stop loss or take profit, a sell order with its own take profit and stop loss is then opened.
If this sell order is closed by its stop loss, the take profit for the next sell order will be the previous sell order's take profit multiplied by the same coefficient.
You may also like: Automated Stop Loss and Take Profit - excellent alternative for expert users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property strict
extern double lots=0.1;//
extern double stakeprofit=10;
extern double stoploss=15;
extern int magic=123455;
extern double martin=1.8;
int ticet=0;.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.